Bank of Kigali Launches Tech Solutions firm

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By Leonard Nshimiyimana

Youth and ICT minister Jean-Philbert Nsengimana responding to media as Bank of Kigali CEO Diane Karusisi and Regis Rugemanshuro look on.

Bank of Kigali has launched the technology company which will provide several services to the mother bank and other outside customers.

BK TecHouse unveiled today will be at center of powering Bank of Kigali innovative services with aim to move with digital age as well as other competitors in the banking sector.

Apart from providing 4 G LTE optic fiber internet connectivity, BK Techouse offers home and enterprise security services, parking services, education management services.

In the pipeline, the company plans to provide agriculture, healthcare, finance and retail services to enable local residents to get those services in an easier and speedy manners.

“Our products and services shall be at the center of powering innovation across key sectors including agriculture and education making BK more just a bank that provides financial products and services but also a provider of solutions,” Regis Rugemanshuro, CEO of BK TecHouse said.

One of the innovations brought onto market is Urubuto education system which offers online services including school fees payment, students ‘discipline monitoring and marks visualization.

The launch of BK technological subsidiary comes at the time the mother bank had launched a one-billion insurance company which will offer services including personal accident insurance and compensated up to Rwf 2 million.

The CEO of BK, Dr. Diane Karusisi said the bank has injected Rwf 300 million into the new company to allow them offer more services that will make customers’ life easier and takes them into the four industrial transformation.

With nearly 300,000 clients and 34 per cent of market share, Bank of Kigali is the largest banking company in Rwanda by total assets.

The Minister for Youth, Information and Communication Technologies, Jean Philbert Nsengimana applauded the leading bank in Rwanda for taking first moves to embrace digital innovations while the industry as a whole has been so sluggish to go with digital era.

“You can be certain that by finding opportunities presented by disruptive technology, Bank of Kigali will remain relevant in the lives of its customers for the next 50 years and more,” said the guest of honor, Nsengimana.

Rwanda brought in $500 million from ICT-related investments in 2008-2012, according to the National Bank of Rwanda.

By December 2015, nearly 830,000 were subscribed to mobile banking services, over 5.5 million transactions done equal to 48 million transacted according to the same banking oversight body.

 

 

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